Consultant Lateral to IB -> PE
Currently a Senior Consultant (2 YOE) at a T2 consulting shop that specializes in PE Advisory (e.g. LEK, S&) and looking to make the jump to PE.
I've already gotten to 3rd/4th round (positive feedback on all modeling) at 3-4 MM PE funds only to hear some variation of "You were a top applicant for the stack of consultant resumes we received but our team is ultimately more comfortable with IB backgrounds".
Should I consider a lateral for 1-2 years in IB if I want to break into MM buyout PE?
Ex-Consultants who made the jump to PE, how was your recruitment experience different (if at all) from the typical IB posts on the forum? Do you recommend only accepting interviews at shops with ex-consultants already? Worried that these rejections may eventually sour my HH relationships.
My current thought process is to prep heavily for the upcoming on cycle. If I can't materialize any offers from that then I would start recruiting for IB lateral opportunities.